May 17
The following photos were shot in Riga, Latvia (a former USSR republic) on May 9th this year. On this day in 1945 Germany capitulated,* but decades of USSR occupation followed until independence in 1991. Today, 38% of the residents of Latvia have Russian as their mother tongue. Needless to say, the May 9th celebrations are …
May 12
![1387389_double_rainbow[1]](http://jpja.net/wp-content/uploads/2012/05/1387389_double_rainbow1-150x150.jpg "1387389_double_rainbow[1]")
34,000 Americans die in traffic related accidents each year. This means that twelve out of every 100,000 persons will face a sudden, unexpected, tragic death within the next twelve months! To put this number into proportion, you can multiply it with a life expectancy of eighty years, and you will find that the probability of dying on the road …
May 09
![1361523_airplanes[1]](http://jpja.net/wp-content/uploads/2012/05/1361523_airplanes1-150x150.jpg "1361523_airplanes[1]")
Have you ever wondered why air tickets sometimes cost less than $50, yet the airline runs profitable? Have you also noticed that these cheap airlines almost always are fully seated? I’ll explain this later, but first I need to warn you about the changes that are taking place – UK has introduced a meaningless Air …
May 09
Economics in One Lesson by Henry Hazlitt (1946) is a quick introduction to economic thinking. It guides the reader through the many false beliefs of the common man, and it explains unintended consequences of economic policies. Even professional economists frequently err from the fallacies he warns about. Although the book was written in 1946, it …
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